TOKYO (Reuters) – Japan’s factory activity contracted for the sixth straight month in April, but the details of a private survey released on Monday showed the manufacturing sector was edging towards stabilisation amid a slower decline in new orders. The final au Jibun Bank Japan Manufacturing Purchasing Managers’ Index was up slightly at 49.5 in…
TOKYO (Reuters) – Japan’s factory activity contracted for the sixth straight month in April, but the details of a private survey released on Monday showed the manufacturing sector was edging towards stabilisation amid a slower decline in new orders. The final au Jibun Bank Japan Manufacturing Purchasing Managers’ Index was up slightly at 49.5 in…
By El Tayeb Siddig and Aidan Lewis KHARTOUM (Reuters) -Sudan’s rival military forces accused each other of fresh violations of a ceasefire on Sunday as their deadly conflict rumbled on for a third week despite warnings of a slide towards civil war. Hundreds of people have been killed and thousands wounded since a long-simmering power…
By Tetsushi Kajimoto and Kentaro Sugiyama TOKYO (Reuters) – Rising inflation and an intensifying labour crunch are prodding smaller local Japanese firms to follow their big counterparts in raising pay, a move that can generate broader wage hikes and encourage the central bank to phase out its massive stimulus. Wages have barely risen in Japan…
WASHINGTON (Reuters) – Republican U.S. Senator Tim Scott plans to announce his decision on entering the 2024 presidential on May 22, according to media reports on Sunday, in a potential challenge to former President Donald Trump for the party’s nomination. Scott, only Black Republican in the Senate, has sought to focus on his ability “to…
By Hyonhee Shin SEOUL (Reuters) – North Korea criticised a recent U.S-South Korea agreement to bolster the deployment of American strategic assets in the region for escalating tension to the “brink of a nuclear war,” state media KCNA said on Monday. U.S. President Joe Biden and South Korean President Yoon Suk Yeol held a summit…
By Ellen Zhang and Ryan Woo BEIJING (Reuters) -China’s manufacturing activity unexpectedly shrank in April, official data showed on Sunday, raising pressure on policymakers seeking to boost an economy struggling for a post-COVID lift-off amid subdued global demand and persistent property weakness. The official manufacturing purchasing managers’ index (PMI) declined to 49.2 from 51.9 in…
GENEVA(Reuters) – Around a quarter of jobs are set to change in the next five years, according to a survey of employers published on Monday by the World Economic Forum (WEF), the organisation known for its annual meeting in Davos, Switzerland. Some 69 million jobs will be created and 83 million eliminated by 2027, it…
By Nick Starkov LVIV, Ukraine (Reuters) – Ukraine said on Sunday its troops were holding onto parts of the eastern city of Bakhmut, focus of a prolonged Russian assault, while the head of a major pro-Moscow force said his men were making progress. Russian forces, which have struggled for months to capture Bakhmut, are slowly…
By Chris Prentice and Nupur Anand NEW YORK (Reuters) – PNC Financial Services Group and JPMorgan Chase & Co were among banks set to submit final bids for First Republic Bank by midday Sunday in an auction being run by U.S. regulators, sources familiar with the matter said. The Federal Deposit Insurance Corp is expected…